{ "ticker": { "uuid": "82d8042b-d839-4819-b9c4-537f69e53f5f", "symbol": "ZMI", "name": "BMO Monthly Income ETF", "exchange": "TOR", "country": "CA", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^GSPTSE", "stage": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 55.711, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 71.422, "architecture_energy": 55.139, "architecture_maturity": 87.719, "architecture_confidence": 60.49, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 14.28, "rotation_up": 49.57, "upward_expansion": 78.52, "deceleration": 68.61, "rotation_down": 29.43, "downward_expansion": 14.19 }, "activity_lines": [ 19.951925, 19.948961, 19.768752, 19.544664 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.666667 }, "latest_close": 20.049999, "trend_reference": 19.271946, "distance_from_trend": 0.040372, "trend_direction": "Improving", "fair_value": 16.935403, "distance_from_fair_value": 0.18391, "fair_value_direction": "Improving", "relative_strength": -5.7857, "relative_strength_direction": "Improving", "price_momentum": 0.060051, "excess_performance": -0.060371, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040372, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.022366, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.18391, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.01521, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057857, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.009837, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.060051, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.66938, "read": "Demand-led" } ], "volume": { "latest": 105100, "relative_activity": 1.423059, "balance": 2.66938, "dry_up": 0.814095, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.011437, "annualized_volatility": 0.069735, "from_high_reference": -0.005456, "from_low_reference": 0.142803 }, "levels": { "trend_reference": 19.271946, "fair_value_reference": 16.935403, "structural_low": 18.271875, 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66.638017, "energy": 64.499539, "activity_lines": [ 19.9471, 19.887722, 19.602716, 19.392613 ] }, { "date": "2026-07-24", "close": 19.959724, "volume": 41200, "typical_volume": 73325.0, "trend": 19.169116, "fair_value": 16.861288, "relative_strength": -4.045451, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 67.278498, "energy": 63.600272, "activity_lines": [ 19.947754, 19.917788, 19.664223, 19.446034 ] }, { "date": "2026-07-31", "close": 19.870001, "volume": 48500, "typical_volume": 72315.0, "trend": 19.222127, "fair_value": 16.897913, "relative_strength": -3.831406, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 61.913271, "energy": 53.738216, "activity_lines": [ 19.919841, 19.919321, 19.711037, 19.491253 ] }, { "date": "2026-08-07", "close": 20.049999, "volume": 105100, "typical_volume": 73855.0, "trend": 19.271946, "fair_value": 16.935403, "relative_strength": -5.7857, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 71.421795, "energy": 55.138504, "activity_lines": [ 19.951925, 19.948961, 19.768752, 19.544664 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }